A government-created monopoly arises when a.government spending in a certain ind

Question

A government-created monopoly arises when a.government spending in a certain industry gives rise tomonopoly power. b.the government exercises its market control by encouragingcompetition among sellers. c. the government gives a firm the exclusive right to sellsome good or service. d.Both a and c are correct. A government-created monopoly arises when a.government spending in a certain industry gives rise tomonopoly power. b.the government exercises its market control by encouragingcompetition among sellers. c. the government gives a firm the exclusive right to sellsome good or service. d.Both a and c are correct.

Explanation / Answer

C. the government gives a firm the exclusive right to sell somegood or service.

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